United States Infrastructure Report Q1 2014

United States construction market set to recover thanks to increased demand within the residential construction sector

2014-01-09 09:07:01 - United States Infrastructure Report Q1 2014 - a new market research report on companiesandmarkets.com

In line with our long held view that the residential construction sector would drive the recovery in the US construction industry, we believe 2014 will see another positive year for growth in the sector.

Real industry value is expected to expand by 1.4%, driven primarily by a 1.6% expansion in residential and non-residential building. Conversely, infrastructure, weighed down by weak public sector spending and a lack of political support, we remain the weak spot, and see its contribution to overall industry value contract to 29.3%.

Our outlook for the US construction industry remains largely the same, except for a slight upgrade in our estimate for 2013 growth (to 2.2%). We anticipate 2014 will see another year where residential construction is the strongest

element, although a natural slowing in the pace of the sector´s recovery is expected, which should see overall growth trend lower over our forecast period.

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